Friday, September 18, 2009
Is some kind of economic/financial disaster brewing? Since no one in the media is commenting on what is going on in the chart below, I'm assuming that no one is paying attention to the rate on 30-day Treasury money, which has collapsed almost to zero:
(click to enlarg)
Why is money flooding into the relative "safety" of 30-day Treasuries (perhaps part of this money is flowing from the 10's of billions of dollars in stock being sold by corporate insiders the past six months). Why is gold holding and consolidating it gains above $1000? Inquiring minds would like to know andI'm sure we'll find out very soon if the correct message is coming from the stock market or the bond market....got some gold?
From Calculated Risk: Perhaps The Market Smells Trouble At The FHA/FDIC.
Posted by Dave in Denver at 7:40 AM